2024 Author: Jasmine Walkman | [email protected]. Last modified: 2023-12-16 08:29
Price increase for chocolate and chocolate products predict analysts in Germany. According to their research, high purchase prices of cocoa will affect chocolate products.
Ritter Sport manager Andreas Ronken told the Stuttgarter Zeitung that all chocolate companies were worried about poor cocoa production this year.
Despite the cheaper milk and sugar on world markets, chocolate manufacturers rely more on cocoa and nuts for their products.
The year turned out to be extremely unfavorable for chocolate producers. Most of the raw materials were affected by climate change, and not only cocoa but also almonds and hazelnuts were several times smaller than usual.
Some producers decided to reduce the amount of nuts in their products, but to keep the price, while others preferred to keep the standard of the chocolate product, which was reflected in the final value of the product.
For the period July-August this year, cocoa has reached its highest purchase value in 4 years.
Experts suggest that for the Bulgarian markets the high prices of cocoa will be reflected in an increase of about 50 stotinki for one chocolate. With an average price of chocolate in our country of BGN 2, it is predicted that the delicacy will reach a maximum price of BGN 2.50 per piece.
Lind's chocolate company was steadily raising the price of its products. Their chocolates are already experiencing a jump in prices, especially in the Austrian markets.
Lind says that in the beginning of 2015 they decided to apply a selective increase in the prices of some products. This means that there is a change in values only for those goods that are directly affected by the turmoil in the raw materials market.
Many of their competitors are considering the same policy. However, there has been no talk of a drastic rise in prices.
Other large companies in the market, such as Nestle and Mondelize, have not yet commented on whether they will raise the prices of their chocolates or are ready to bear the weight of the more expensive raw materials.
But even if there is a rise in the price of chocolate, it will not be felt by consumers for months, as manufacturers and retailers enter into long-term contracts, which maintain a trend in prices for a long period of time.
Recommended:
The Price Of Bread Drops To 50 Cents?
Dimitar Lyudiev, the chairman of the Regional Union of Bakers and Confectioners in Burgas, predicts a total collapse in bread prices. Bread for 50-60 stotinki will soon appear in the shops in the seaside town, he is categorical. The reason for this decline is the low price of fuels.
If The Price Of Electricity Rises, So Does The Price Of Bread
If the price of electricity rises, bread and pasta will also rise by about 10 percent, producers say. The industry says the cost of living is between 5 and 12 percent of its final value. If they do not pick up the price of bread , the bakery sector is threatened by bankruptcies and mass layoffs.
Wheat Has Fallen In Price At A Record Price, Bread Is At The Old Prices
On the Sofia Commodity Exchange, the price per ton of wheat fell from BGN 330 to BGN 270 without VAT. However, the prices of bread remain unchanged and the most popular Dobrogea is still sold for BGN 1 in the retail network. However, the industry says that in larger cities there is a slight reduction in the price of bread.
Pork Prices Fell And Bean Prices Jumped
Data from the State Commission on Commodity Exchanges and Markets show that wholesale food prices are 6 percent lower than in January last year. In December 2013 there was a sharp jump in food prices by 8.5%, but in early January, this difference was stabilized.
Mass Bread Remains At The Old Prices, Even If The Price Of Electricity Increases
The price of bread will not rise, even if the planned increase in the price of electricity takes place, assures Mariana Kukusheva from the National Branch Union of Bakers and Confectioners. The low beach capacity of the majority of Bulgarians, as well as the unfair competition from the gray sector, are the two main reasons why the values of bread and bakery products will not change.
